PHOTO: SUPPLIED – Roger and Teresa Cook are still living in a caravan on the site while their house is finished.

Owners of newly built properties are being told there are options to replace the guarantee backing their homes.

Up to 10,000 recently built homes are covered for shoddy building work by Builtin’s 10-year Homefirst Builders Guarantee, which is backed by CBL Insurance.

But CBL was put into interim liquidation last month, and said it could not pay claims.

Platinum Homes clients Teresa Cook and her husband, Roger, have been caught up in the insurer’s failure.

Homeowners upset at long wait for new builds
Thousands of recently built homes covered by guarantees from CBL Insurance
Homeowners told CBL Insurance ‘not in a position’ to pay claims

They are still waiting for their house to be built with Platinum Homes in Levin, and are living on-site in a caravan.